BRP (TSE:DOO) Price Target Lowered to C$81.00 at TD Securities

BRP (TSE:DOO) had its target price reduced by TD Securities from C$95.00 to C$81.00 in a research report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank cut shares of BRP from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$103.00 to C$91.00 in a report on Monday, September 9th. Canaccord Genuity Group set a C$90.00 price objective on BRP and gave the company a “hold” rating in a report on Wednesday, August 28th. Citigroup cut their price objective on BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th. CIBC cut BRP from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$100.00 to C$92.00 in a research report on Monday, September 9th. Finally, BMO Capital Markets dropped their price target on shares of BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$93.46.

BRP Stock Down 6.0 %

DOO opened at C$67.00 on Tuesday. The company has a market capitalization of C$2.31 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. BRP has a fifty-two week low of C$65.32 and a fifty-two week high of C$102.46. The business has a 50-day moving average of C$74.99 and a 200-day moving average of C$85.65.

BRP (TSE:DOO) last issued its quarterly earnings data on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.31. The firm had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$1.85 billion. BRP had a net margin of 2.77% and a return on equity of 37.60%. Equities research analysts forecast that BRP will post 6.890971 EPS for the current fiscal year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio is currently 25.45%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.